Auto giant General Motors has asked US authorities to exclude its Buick Envision SUV from the sweeping tariffs Washington has threatened to impose on auto imports.

The Envision, a key part of the Buick lineup, is manufactured and mainly sold in China, GM's largest market, and the automaker requested it be exempt from US import tariffs if they are imposed.

GM sells 80 percent of the Envisions in China, importing only 42,000 into the US market in 2017, the company told AFP, meaning that "assembly in our home market is not an option for this vehicle."

But GM President Dan Ammann told reporters Friday that "The profits that we generate from selling the vehicle here are re-invested in the United States."

Citing threats to US national security, President Donald Trump in May threatened to impose tariffs of 25 percent on all auto imports, which could take effect as soon as next month.

Trump last month agreed to shelve the auto , at least concerning European imports, following a visit from EU Commission President Jean-Claude Juncker.

GM has warned the auto tariffs, although intended to protect domestic manufacturers, could harm them instead. The company also says the current trade wars should cost it $1 billion this year, mainly due to rising input costs.

The government has solicited comments from the public on the tariff proposal through the end of the month, and GM on July 30 submitted a request to spare the Envision.

That came during another week of escalating threats in the intensifying battle between Washington and Beijing, with Chinese authorities targeting another $60 billion in American goods after Trump unveiled plans to jack up looming tariff rates on $200 billion in Chinese products.

"GM has determined that importing the Envision with an added 25 percent tariff on the vehicle could limit the Envision's ability to compete in the luxury SUV market in the US," the company said.

The Envision accounted for 19 percent of Buick's US sales last year, competing with Fiat Chrysler's Jeep Grand Cherokee and Cadillac XT5.

str/lo/dg/hs

GENERAL MOTORS

Related Links
Global Trade News

Tweet

Thanks for being here; We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor $5 Billed Once credit card or paypal		SpaceMediaNetwork Monthly Supporter $5 Billed Monthly paypal only

Australia, US, Japan in Indo-Pacific infrastructure push
Sydney (AFP) July 31, 2018
Australia, the United States and Japan will jointly invest in infrastructure projects in the Indo-Pacific, officials announced Tuesday, in an attempt to counter China's efforts to court influence in the region. Beijing has loaned countries across Asia billions of dollars as part of its "Belt and Road" development strategy, including to island nations in the Pacific, a region Canberra views as its backyard. The Australian government has raised fears in recent months that some small Pacific nation ... read more